About Forty Seven Bank. ICO

About Forty Seven Bank
Forty Seven is recognized by international financial bodies, meets all requirements and norms. This is a unique project, which is created for modern customers, both for the supporters of the crypto currency, and for users of the ordinary monetary system.
A team of professionals in the banking and financial sector, the IT industry with a vast experience in developing and implementing licensed payment systems, strive to achieve the goals with leaps and bounds. The main mission of Forty Seven Bank is to create a tandem, between the rapidly developing area of the crypto currency, and the old banking regime working with fiat funds.
The Bank makes every effort to become a leading structure working according to the requirements of the PSD2 regulators and directives, while appreciating each client, and not cooperating with the successors of the "gray" market.
Applying the latest technologies and development, Forty Seven has based its work on certain aspects: convenience and relevance, and most importantly security, creating a flyover between the financial world of fiat and the world of crypto currency.

https://www.fortyseven.io/

Innovations for each client
Forty Seven Bank for its customers from the EEC, provides a multi-currency account with a card that will allow you to manage and dispose of accounts located in any of the banks. Use a practical and simple interface for online banking or mobile applications. Carry out banking operations, exchange, purchase and sale of crypto-currencies, payment by a payment card.
One universal online banking interface and applications for managing customer accounts of any of the European banks.
Remote registration and authorization with the help of passport and biometric data.
To use the services of the bank, it is enough to download the application from the Forty Seven site and go through the online registration mode, at the same time, to visit the bank personally, there is no need. After identification, all users of the application have access to the account with full functionality, and the payment card is sent by mail.
The financial analytics integrated in the system allows customers to orientate themselves in the financial market and make the right decisions.
The internal account system for monitoring personal finances, will allow you to analyze costs, and with the help of individual tips and tips, effectively manage the budget.
Conducting any financial transactions without prior expectation, and with a low commission of the bank.

Forty Seven Bank provides an escrow service and is the guarantor of fair transactions.
For software developers and financial institutions
A huge range of resources for software developers and partner banks, ensuring the rapid introduction of a user service on the infrastructure of Forty Seven, which they can provide customers (White Label) under its own brand.
Independent developers can create their own applications that increase the functionality of the banking product, or develop individual financial services to automate the management of company accounts.
Forty Seven conducts seminars and conferences for developers and financial institutions that are engaged in creating products based on banking services using API. In addition, courses for owners of tokens are held.
Token gives an advantage in the loyalty program. It promotes the receipt of bonuses, unique FSBL tokens, which can then be exchanged for different items (electronic goods, household items, air tickets, insurance services, etc.).
The founders of the Forty Seven Bank project are keeping pace with the times, and strive to provide innovative financial services at the highest level.

https://www.fortyseven.io/

Emission of tokens
What is a Forty Seven Token: It’s a token that represents a part in Forty Seven Bank's infrastructure and grants the wielder a priority place in the bank’s loyalty program. Holders of FSBT tokens have the right to receive yearly bonuses in the form of FSBL – Forty Seven Bank loyalty tokens. Besides that, FSBT tokens are a crucial economic part of Forty Seven Bank’s ecosystem – they will be needed in order to access the full range of products and services. After the crowdfunding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.

What is a token used for: 20% of the bank’s annual net profit will be invested into the loyalty program. Using smart contracts, each FSBT token holder will be able to receive their FSBL tokens based on the amount owned and afterward, exchange the FSBT tokens for different goods offered by the loyalty program (electronics, household items, airplane tickets, banking services, insurances, etc.). All FSBT token holders will receive the right to participate in Forty Seven Bank’s yearly crypto community development program and decide which projects will be supported by the bank and its shareholders.

Abbreviation: FSBT.
Control over emission: is provided by the system of interconnected smart contracts.
Rate: Fixed, value of one token – 0.0047 ETH.

Maximum amount of tokens to be generated: 55 319 149 FSBT (incl. bonus tokens, tokens for bounty and founders).
Minimum budget to start the project: 18 000 ETH (5M EUR).
Hardcap: 180 000 ETH (50M EUR).

Accepted cryptocurrencies on ICO: ETH, BTC.

ICO round 1: November 16 – December 16, 2017.
ICO round 2, 3: Q1 2018 (TBD).